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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per common share
The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):
 
For the three months ended September 30,
 
For the nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Numerator:
 
 
 
 
 
 
 
Net income attributable to RLJ
$
32,463

 
$
73,975

 
$
93,160

 
$
161,378

Less: Preferred dividends
(6,279
)
 
(6,279
)
 
(18,836
)
 
(18,836
)
Less: Dividends paid on unvested restricted shares
(342
)
 
(274
)
 
(1,032
)
 
(937
)
Less: Undistributed earnings attributable to unvested restricted shares

 
(46
)
 

 

Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
$
25,842

 
$
67,376

 
$
73,292

 
$
141,605

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares - basic
170,495,699

 
174,326,198

 
171,976,429

 
174,253,393

Unvested restricted shares
105,088

 
129,075

 
90,044

 
109,523

Unvested performance units

 
24,068

 

 
2,185

Weighted-average number of common shares - diluted
170,600,787

 
174,479,341

 
172,066,473

 
174,365,101

 
 
 
 
 
 
 
 
Net income per share attributable to common shareholders - basic
$
0.15

 
$
0.39

 
$
0.43

 
$
0.81

 
 
 
 
 
 
 
 
Net income per share attributable to common shareholders - diluted
$
0.15

 
$
0.39

 
$
0.43

 
$
0.81